CANON INC-SPONS ADR (CAJ) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CAJ • US1380063099
We assign a technical rating of 1 out of 10 to CAJ. CAJ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- CAJ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CAJ is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 78% of 34 stocks in the same industry.
- When compared to the yearly performance of all other stocks, CAJ outperforms 58% of them, which is more or less in line with the market.
- In the last month CAJ has a been trading in a tight range between 21.35 and 22.30.
CAJ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.32, a Stop Loss order could be placed below this zone.
More info and screens
20.64
2 important support areas can be observed.
- A support zone ranging from 21.26 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.85 to 20.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.64 to 22.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.68 to 23.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.12 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CAJ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAJ is down. |
| ChartMill Relative Strength | 58.56 | NEUTRAL | CAJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.97 | NEUTRAL | The RSI value for CAJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CAJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.22 | NEUTRAL | The Stochastics value for CAJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for CAJ suggests low volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for CAJ suggests a strong trend. |
21.63
-0.03 (-0.14%)
CANON INC-SPONS ADR / CAJ FAQ
What is the ChartMill technical rating of CANON INC-SPONS ADR (CAJ) stock?
ChartMill assigns a technical rating of 1 / 10 to CAJ.
What is the current trend direction of CANON INC-SPONS ADR (CAJ) stock?
The current trend direction for CANON INC-SPONS ADR (CAJ) is Bearish.
What is the RSI signal for CAJ stock?
CANON INC-SPONS ADR (CAJ) has an RSI value of 45.9734. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CANON INC-SPONS ADR?
The buy/sell signal for CANON INC-SPONS ADR (CAJ) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CANON INC-SPONS ADR (CAJ) stock?
CANON INC-SPONS ADR (CAJ) has a support level at 21.32 and a resistance level at 21.64. Check the full technical report for our detailed analysis of CAJ support and resistance levels.